CoreCard Co. (NYSE:CCRD) Short Interest Update

CoreCard Co. (NYSE:CCRD) saw a large increase in short interest in the month of March. As of March 31st, there was short interest totalling 620,300 shares, an increase of 6.9% from the March 15th total of 580,200 shares. Based on an average daily volume of 37,900 shares, the days-to-cover ratio is presently 16.4 days. Approximately 10.1% of the shares of the company are sold short.

Institutional Investors Weigh In On CoreCard

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in CoreCard by 23.0% in the 4th quarter. Vanguard Group Inc. now owns 452,268 shares of the company’s stock valued at $6,255,000 after acquiring an additional 84,715 shares during the period. Barclays PLC bought a new position in CoreCard in the 4th quarter valued at about $139,000. Nuveen Asset Management LLC raised its holdings in CoreCard by 14.5% in the 4th quarter. Nuveen Asset Management LLC now owns 28,796 shares of the company’s stock valued at $398,000 after acquiring an additional 3,649 shares during the period. Bridgeway Capital Management LLC raised its holdings in CoreCard by 6.5% in the 4th quarter. Bridgeway Capital Management LLC now owns 24,638 shares of the company’s stock valued at $341,000 after acquiring an additional 1,500 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in CoreCard by 38.2% in the 4th quarter. BNP Paribas Financial Markets now owns 18,450 shares of the company’s stock valued at $255,000 after acquiring an additional 5,097 shares during the period. 43.90% of the stock is owned by institutional investors.

CoreCard Stock Down 2.0 %

Shares of CCRD stock opened at $12.88 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 4.66 and a current ratio of 4.66. The firm’s 50-day moving average is $11.49 and its 200-day moving average is $14.01. The stock has a market cap of $105.11 million, a price-to-earnings ratio of 32.20 and a beta of 0.36. CoreCard has a 52-week low of $10.02 and a 52-week high of $29.08.

CoreCard (NYSE:CCRD) last issued its earnings results on Wednesday, February 14th. The company reported $0.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.01 by $0.05. The company had revenue of $12.16 million for the quarter, compared to analysts’ expectations of $12.60 million. CoreCard had a net margin of 6.06% and a return on equity of 8.12%. Sell-side analysts predict that CoreCard will post 0.12 EPS for the current year.

About CoreCard

CoreCard Corporation, together with its subsidiaries, offers technology solutions and processing services to the financial technology and services market in the United States, Europe, and the Middle East. It designs, develops, and markets a suite of software solutions to program managers, accounts receivable businesses, financial institutions, retailers, and processors to manage their credit and debit cards, prepaid cards, private label cards, fleet cards, buy now pay later programs, loyalty programs, and accounts receivable and loan transactions.